Softlogic Life Child Plan provides a life cover during the plan period, with the child being named as the beneficiary. When the premium ceases, the life assured will begin to receive the sum assured together with the accumulated bonuses (declared yearly on reversionary basis). An additional loyalty bonus is paid on policies that have been in force for more than 10 years.
Regular periodic payments Monthly, Quarterly, Half Yearly & Yearly are applicable under this policy.
At the end of the term of the policy, the child will start receiving 200% of the sum assured at 40% per year for 5 consecutive years.
In the demise of the life assured during the child benefit paying period, the child will receive double the child benefits of the remaining years.